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Tuesday, May 06, 2008

With morning nifty rise many new breakouts were seen which turned out to be false by eve wth nifty taking beating as long as 5100 with 1% error either side is maintained the wave structure looks fine .In straight words come out of longs if the above condition fails.

Today Maharashtra seamless both targets were reached was booked there.Rajesh export 100+ was reached.TTML was a great example of breakout + retracing back to breakout point it was a kind of triangle breakout since triangle breakouts are usually good at times I try to cash in by playing options.For example TTML was consolidating in a triangle for last 6 trading days which made options to shed considerable premium time decay too comes in play ,I usually play out of money options provided if have some time at my disposal .Before the breakout day 42.50 CA had shed its premium considerably from 1.80+ to a mere 0.70paisa in about 6 days,and to my delight on breakout day it went to 1.45 money doubled!! thats one advantage with out of money optionsprovided you have enough time left + I assume you are good at analysis to see which out of money option strike price is most effective.Today again am gonna analyze BOMBAY DYEING.I like that stock:)

1 comments:

I like ur trades as well ur way of training the general people like us. Sir, i went to ur site and loved the way options data was represented.May i know how were they taken from bloomberg.Also would like to know if u have paid services, would like to know the payment options.

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